Sep, 30, 2025 — EDUCATION 1ST CREDIT UNION is a federally insured state chartered credit union headquartered in OGDEN, UT with 1 branch location and about $60.02 million in total assets. Opened 94 years ago in 1932, EDUCATION 1ST CREDIT UNION has about 2,615 members and employs 10 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | EDUCATION 1ST CREDIT UNION |
|---|---|
| Address: (Main Office) | 1250 Country Hills Dr OGDEN, UT 84403-2560 |
| Phone: | (801) 392-4877 |
| Fax: | (801) 392-4879 |
| Website: | https://www.e1cu.org |
| Branches: | 1 branch locations |
| Members: | 2,615 |
| Credit Union Type: | Federally Insured State Chartered Credit Union |
| Charter Number: | 67127 |
|---|---|
| Membership Type: | State chartered natural person |
| Corporate Credit Union: | No |
| Year Opened: | 1932 |
| Last Audited: | Dec 01, 2024 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $60,024,677 |
| CEO/Manager: | Kent M Greenfield |
| Chairperson: | Kristy Ellis |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 1,799,152 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 37,032,037 |
| Unsecured Loans | 3,058,911 |
| Other Loans | 14,475,743 |
| TOTAL LOANS | 54,566,691 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -233,051 |
| Land And Building | 183,608 |
| Other Fixed Assets | 326,129 |
| NCUSIF (National Credit Union Share Insurance Fund) Deposit | 479,680 |
| All Other Assets | 0 |
| TOTAL ASSETS | 60,024,677 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 0 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 172,825 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 8,479,150 |
| Regular shares | 12,913,249 |
| All Other Shares & Deposits | 32,666,737 |
| TOTAL SHARES & DEPOSITS | 54,059,137 |
| TOTAL LIABILITIES | 54,231,962 |
| Regular Reserve | 0 |
| Other Reserves | 2,663,172 |
| Undivided Earnings | 3,129,543 |
| TOTAL EQUITY | 5,792,715 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 60,024,677 |
| INCOME & EXPENSE | |
| Loan Income | 2,489,563 |
| Investment Income | 82,568 |
| Other Income | 197,127 |
| Total Employee Compensation & Benefits | 633,619 |
| NCUSIF (National Credit Union Share Insurance Fund) Premiums Expense | 0 |
| Total Other Operating Expenses | 492,368 |
| Non-operating Income & (Expense) | 0 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 125,730 |
| Cost of Funds | 1,162,046 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 463,312 |
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